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Russian domestic shipping sector to delay adoption of IMO 2020 rules

29 Oct 2019

Russia and four former Soviet republics, namely Kazakhstan, Kyrgyzstan, Belarus and Armenia, will be postponing adoption of the IMO 2020 regulation until 2024, reports Bloomberg.

Russia Energy Minister Alexander Novak told the news agency IMO 2020, “will lead to a sharp hike in the price of fuel for the river fleet and river-sea vessels, which operate mainly in Russia’s territorial waters.”

As such, the energy and transportation ministries are seeking “to prevent a higher financial pressure on the nation’s shipowners.”

Minister Novak, however, highlighted that Russian ships will still comply with the IMO 2020 regulation in international waters.

Russia’s Ministry of Energy (Minenergo) is a federal executive body responsible for drafting and implementing government policy and legal regulation in the oil and fuel sector.

Photo credit: © Ministry of Energy of the Russian Federation
Published: 29 October, 2019

 

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